elective-stereophonic
elective-stereophonic
Show Posts - mikesbmw singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - mikesbmw

Pages: [1] 2 3 ... 30
1
Nxt General Discussion / Re: Price speculation
« on: October 18, 2016, 07:42:02 pm »
Your argument only is true IF Nxt is useless and worthless.

We have said for months now that Nxt is NOT being abandoned.
We have been active for years now working on it and the Nxt Foundation is working very hard on getting business onto the platform.

There is no movement to have Nxt replaced by Ardor. Both will exist side by side.
Oh, is that so?
I guess I haven't kept up my reading. I also thought that Ardor would replace NXT and therefor NXT is losing value in a big way.
What is causing this massive drop?

Could it be that people think NXT is going to be decommissioned?

2
Nxt General Discussion / Re: Price speculation
« on: September 20, 2016, 06:04:44 pm »
Possibly. I thought about selling my crypto during the bear phase but unless you need the money what incentive is there to sell it? Only a cold hearted person would want a financial mess just to see their own profits go up, but if you have some fiat and some crypto why would you sell the crypto?
Well maybe you are one of the few that is in it for altruistic reasons, but most of the people are into crypto to make a buck.
I was and still am, although not in NXT anymore.

Nxt had a big move up.  Nxt whales have always dumped the hell out of their hoard after every run up.  Our whales have a cash out before it's too late mentality.

If that's the case, then we'll have the same problems with Ardor, since they are earning Ardor stakes like the rest of us.  If this is true, we can't expat Ardor to do well when it hit's an exchange.  Those same whales will dump down the order book because, you know, free money.  I'm not railing on the community or the distribution mechanism.  However, if whales are happy to suppress the price to their benefit, they will treat Ardor the same way.  In fact, I'd be willing to bet that once the dominate of the two currencies is determined, those same whales will probably dump other more aggressively.
.
Let tell you how it's gonna go once Ardor hits the exchanges:
First day: huge spike up, followed by a gradual decline.
After a few days/weeks another spike up, followed by another gradual decline.
Maybe months later another spike (or not, depends on development and media attention).

Look up just about every other crypto and you get the picture.

I'm not trying to dishearten you, but that's the cold hard truth.
Sell when you can, buy back later. Ride the waves  ;)

3
Nxt General Discussion / Re: Price speculation
« on: July 16, 2016, 09:07:05 am »
Today NXT takes the 5k sat ground to never ever give it up again. Kick me in the balls if it doesn't :)
Do you have any analyses as to why you are so sure?

If I look at RSI, Volume, EMA's and VWAP: they are all over the place (yes yes, TA hocus-pocus  :D )

Just my gut feeling.
Analysis is for cowards :P
Just for shits and giggles, let me enlighten you a bit with voodoo magic.

It was a joke about TA. It is alright, I even have a book or two on it from earlier days. Sometimes it works, most often it works in retrospect :) Is is always fun to build these charts with indicators, except everyone else builds the same chart and makes the same conclusions, hehe. It doesn't appear that NXT is going to go down after the pump, it wasn't even that much of a pump by crypto standards. Some lost ground was taken back, that all.
I know you were joking  ;)

You are right that TA is 100% correct in retrospect.  :D
It still is a gamble even with TA, but it makes it a bit easier. I won't trade without anymore.

Not much of a trader but I'm curious. What do you mean here? If it didn't cross the 70 (overbought) mark, then isn't that a good sign?
What site do you use for indicators?
Simply put, it means that there are less buyers willing to pay an increasing higher asking price. If there are less and less buyers willing, that in turn means that the price will come down. Combined with the first crossing of the 70 mark, that's a great signal that the price "explosion" is coming to an end. One of the sell signals.

I use Tradingview.com. They offer all trading pairs from Poloniex and a collection of other exchanges.

4
Nxt General Discussion / Re: Price speculation
« on: July 15, 2016, 09:32:18 pm »
Today NXT takes the 5k sat ground to never ever give it up again. Kick me in the balls if it doesn't :)
Do you have any analyses as to why you are so sure?

If I look at RSI, Volume, EMA's and VWAP: they are all over the place (yes yes, TA hocus-pocus  :D )

Just my gut feeling.
Analysis is for cowards :P
Just for shits and giggles, let me enlighten you a bit with voodoo magic.

If you go over the chart right to where NXT crossed 5k sats the first time (1hour chart) you see that the RSI crossed the 80 mark (almost 90), which indicates overbought. Most of the times that means the trend will reverse very soon (over 70 is generally considered overbought).

The second time it almost crossed the 5k sats, the move was less forceful and almost didn't cross the 70 mark. Every time thereafter the RSI was lower and lower, even when it almost did reach 5.5k sats. That is a clear signal that things won't hold.
This coupled with a volume oscillator gives all the signs to sell. (and some other insights ofcourse, it isn't only TA)

Normally I use a 15 and 60 minute chart. On the 15 minute chart the RSI/volume was even more telling.

Does this guarantee 100% successful trading? Unfortunately not, but it makes things a lot easier and if you stick to a plan also a lot less nerve wrecking  ;)

5
Nxt General Discussion / Re: Price speculation
« on: July 14, 2016, 02:27:50 pm »
Today NXT takes the 5k sat ground to never ever give it up again. Kick me in the balls if it doesn't :)
Do you have any analyses as to why you are so sure?

If I look at RSI, Volume, EMA's and VWAP: they are all over the place (yes yes, TA hocus-pocus  :D )

6
Nxt General Discussion / Re: Price speculation
« on: July 12, 2016, 02:08:21 pm »
Who thinks NXT will hit 5.500 satoshis in the remaining 2 days  ;) ?
Just be very careful when buying at these levels, because sudden increases hardly ever hold...
I'm not saying that NXT could rise in the long run, but these sudden spikes?
Happy trading!  ;)

7
Nxt General Discussion / Re: Price speculation
« on: July 03, 2016, 11:39:30 am »
NXT seems to have less volatility than NEM. Possibly because of the longer period of flushing out weaker holders.
You call them weaker holders, I call them smarter by cashing out with a profit  ;)


wtf happened to SuperNET?
seemingly dead... James occassionally posts some nonsense here and there (not on this board though) and folks tweet that out to seemingly show some sense of progress... but it ain't there - seems to be pretty much in the same shape as mid 2015.

Just remember these words:
EVERYTHING James touches NEVER gets finished to a fully working state.

You've known him for how long? SMH. Its people like you that are the reason NXT had a 3 year bear market.
Since early 2014 (february/march?) to be precise. I have tested several of his "workings".
I know one of his developers and the stuff I heard from him... It's good that that never gets public.
Over the years I've had my personal share of interactions with James in public and through PM's.

So you might say I know James  ;)

No, that doesn't qualify you as "knowing James" or saying nothing he ever works on ever gets done.  Its just a stupid inflammatory opinion that is so easy to offer on a forum like this.  If your developer friend thinks the same why is he working with James? Maybe, since you've tested "his workings" you can share the technical details of these that lead you to the conclusion that none of them would ever be finished. Please, educate us...
My developer friend stopt working for him  ;)
He did make a nice buck though.

James never finishes anything. The devs around him try to finish the stuff he thinks of. That's why I don't speak ill of those devs, THEY are the ones that make it work or at least try to.

It's all my opinion, but fortunately I'm not alone.
Read back this forum and the old Bitcointalk forum. Should give you a different opinion.

But as always: once someone lets people make a lot of money they are considered a god and untouchable.  ;)

Thanks for the explanation, but I was just testing your knowledge. As I expected, I have forgotten more about James than you've ever known about him. You are just spouting circumstantial claims based on motivations of a typical crypto daytrader.

Come back in 2020 and if James hasn't delivered an awesome product(s), we can start to have this conversation.
I've held NXT coins from jan/feb. 2014 till april/may 2015.
Funded several people to do stuff (conferences, that rocket project from EvilDave, paid and translated a NXT commercial, paid a designer for a project that didn't complete), but yes I'm merely a day trader ;)

Peace out! :-*

8
Nxt General Discussion / Re: Price speculation
« on: July 01, 2016, 08:26:49 am »
NXT seems to have less volatility than NEM. Possibly because of the longer period of flushing out weaker holders.
You call them weaker holders, I call them smarter by cashing out with a profit  ;)


wtf happened to SuperNET?
seemingly dead... James occassionally posts some nonsense here and there (not on this board though) and folks tweet that out to seemingly show some sense of progress... but it ain't there - seems to be pretty much in the same shape as mid 2015.

Just remember these words:
EVERYTHING James touches NEVER gets finished to a fully working state.

You've known him for how long? SMH. Its people like you that are the reason NXT had a 3 year bear market.
Since early 2014 (february/march?) to be precise. I have tested several of his "workings".
I know one of his developers and the stuff I heard from him... It's good that that never gets public.
Over the years I've had my personal share of interactions with James in public and through PM's.

So you might say I know James  ;)

No, that doesn't qualify you as "knowing James" or saying nothing he ever works on ever gets done.  Its just a stupid inflammatory opinion that is so easy to offer on a forum like this.  If your developer friend thinks the same why is he working with James? Maybe, since you've tested "his workings" you can share the technical details of these that lead you to the conclusion that none of them would ever be finished. Please, educate us...
My developer friend stopt working for him  ;)
He did make a nice buck though.

James never finishes anything. The devs around him try to finish the stuff he thinks of. That's why I don't speak ill of those devs, THEY are the ones that make it work or at least try to.

It's all my opinion, but fortunately I'm not alone.
Read back this forum and the old Bitcointalk forum. Should give you a different opinion.

But as always: once someone lets people make a lot of money they are considered a god and untouchable.  ;)


9
Nxt General Discussion / Re: Price speculation
« on: July 01, 2016, 06:50:18 am »
You call them weaker holders, I call them smarter by cashing out with a profit  ;)

So you bought NXT again? ;)
Bought and sold, yes.
I only day trade.

In the morning I open my positions and by the time it's bedtime I have sold everything and back to fiat.
On the very rare occasion I leave something open during the night.

10
Nxt General Discussion / Re: Price speculation
« on: June 30, 2016, 09:24:34 am »
NXT seems to have less volatility than NEM. Possibly because of the longer period of flushing out weaker holders.
You call them weaker holders, I call them smarter by cashing out with a profit  ;)


wtf happened to SuperNET?
seemingly dead... James occassionally posts some nonsense here and there (not on this board though) and folks tweet that out to seemingly show some sense of progress... but it ain't there - seems to be pretty much in the same shape as mid 2015.

Just remember these words:
EVERYTHING James touches NEVER gets finished to a fully working state.

You've known him for how long? SMH. Its people like you that are the reason NXT had a 3 year bear market.
Since early 2014 (february/march?) to be precise. I have tested several of his "workings".
I know one of his developers and the stuff I heard from him... It's good that that never gets public.
Over the years I've had my personal share of interactions with James in public and through PM's.

So you might say I know James  ;)

11
Nxt General Discussion / Re: Price speculation
« on: June 29, 2016, 07:55:30 pm »
NXT seems to have less volatility than NEM. Possibly because of the longer period of flushing out weaker holders.
You call them weaker holders, I call them smarter by cashing out with a profit  ;)


wtf happened to SuperNET?
seemingly dead... James occassionally posts some nonsense here and there (not on this board though) and folks tweet that out to seemingly show some sense of progress... but it ain't there - seems to be pretty much in the same shape as mid 2015.

Just remember these words: EVERYTHING James touches NEVER gets finished to a fully working state.

12
Nxt General Discussion / Re: Price speculation
« on: June 21, 2016, 07:09:04 pm »
Great to see a price rise after so many downs!

I currently have zero NXT (sold the last bit at 4800-ish or so), but I still follow my first love  :-*

13
Nxt General Discussion / Re: Price speculation
« on: March 30, 2016, 09:55:51 pm »
Second, you fell into the "bait" trap, but actually quoting him and giving him a link, a very old Troll SEO trap.
You are right about the link, so I've removed it.

Laughing at this kind of yobbo is the best thing to do and then move on.
The laughter sticks in my throat because I've seen those accusations already a thousand times on bitcointalk.  :(
I'm under the impression that such is a common opinion about NXT among typical american bitcoin enthusiasts!

In none of the talks, interviews or discussions I have had outside crypto (or even inside crypto when talking to the more credible people) I have been asked about any of the raised issues.

Sane people are very capable of distinguishing idiocy or inept misinformation from real information.

This kind of trash talk will scare away some people, but anyone who is capable of doing independent research is able to see it for what it is. You can even recognise it by just looking at the way it's written (clickbait style).

Sorry to be a harsh a-hole, but where are all those sane people buying and using NXT?

I really REALLY hope Nxt will make a comeback like you have never seen before, but I'm not holding my breath (keeping a small stash of NXT anyway for *you never know*  ;) )

Especially looking at Lisk with a budget of $6 MILLION and using a lot of Nxt / Ethereum ideas and also Java based, where does that leave Nxt? It's a sad time really...

14
Nxt General Discussion / Re: Price speculation
« on: March 12, 2016, 07:11:22 am »
A song you gotta hear: #DumpYourBank



Listen to the song in SoundCloud
https://soundcloud.com/jonnyfreesh/jonny-freesh-dumpyourbank

#DumpYourBank


Oh my god, my ears are bleeding. I thought Justin Bieber was bad...   :o

15
Nxt General Discussion / Re: Price speculation
« on: February 20, 2016, 03:15:29 pm »
you jinxed it  ;D

still above 2000 satoshi defense line, it's impenetrable :)



 :(

A few shells exploding in the trenches can send you kids panicking. What matters is the daily closing price. Technically trading is opened around the clock, the closing price doesn't apply. Rule is if it stays under 2000 satoshi longer than 24 hours, weekend days excluded because very low liquidity, it's ok to panic :) Check it again on Tuesday morning.

I like your positivism!  :D
On the other hand, the price has been declining since june 2014. It's not a new trend...

16
Nxt General Discussion / Re: Price speculation
« on: February 20, 2016, 03:04:15 pm »
Shot-in-the-dark interpretation: ETH reached its high and popped, funds rushed out into BTC (and fiat). BTC goes up, alts sell to get in on the action, plus most of the alts had just spiked anyway and were due a correction.
Suggests that ETH profits aren't going directly into alts.
I sold my ETH on the return from the spike, made 3,5btc profit with that one trade.
That was 7 days ago. Since then BTC has risen about 10%.

I'm a happy camper  ;D

(declaration: I still have to make up quite some from being a long term NXT hodler unfortunately)

17
Nxt General Discussion / Re: Price speculation
« on: February 20, 2016, 02:59:34 pm »
you jinxed it  ;D

still above 2000 satoshi defense line, it's impenetrable :)



 :(

18
Nxt General Discussion / Re: Price speculation
« on: February 10, 2016, 09:43:19 pm »
Did anyone claim it was? We don't do it because it's more efficient. Similarly with the block-chain itself. Bitcoin is ludicrously inefficient. It currently costs around $250 to process each Bitcoin transaction.

So what's the advantage then?

<gloom and doom mode>

I've had several ideas (some are on this forum) but found it VERY hard to connect to the right people, find funding (never got any). Connected people and made stuff (paid out of my own pocket) only to find out later that other people were already working on similar stuff (and were ahead).
A lot of people were screaming for more marketing and more presence, but who will do that? Who's in charge?

The asset exchange: a lot of people got screwed because no one is in charge.
There were "initiatives" like Nxt inspect... But they didn't have the power to stop anyone from creating an asset (nobody does).

It's easy to make this list a lot longer.

</gloom and doom mode>

Is everything about Nxt gloom and doom?
Certainly not. A lot of good has come from Nxt, but that's mainly from a tech point of view. Not from a legitimate business stand point.

19
Nxt General Discussion / Re: Price speculation
« on: February 10, 2016, 12:04:09 pm »

What has failed in the idea of decentralized crypto?
What is real world usage for Ethereum and Ripple?

Ethereum doesn't have a GUI wallet, 98% of this price and trading volume is pure speculation, 2% usage at best. Traders will sober up as they always did in the past.

Organization-backed crypto is fiat money done in a convoluted inconvenient way. Why bother? Just use the old system, it's more convenient and faster.

The choice is binary: decentralization or the old system. Organization-backed crypto will be made censorship compliant.

"Serious" investors will be bailed in, their accounts frozen in an organization-backed crypto. Some will manage to escape to decentralized systems.
https://www.reddit.com/r/Ripple/comments/405kqy/cant_access_my_ripple_accounts/

"What is real world usage for Ethereum and Ripple?

Ethereum doesn't have a GUI wallet, 98% of this price and trading volume is pure speculation, 2% usage at best. Traders will sober up as they always did in the past."


What is the real world usage of NXT? I'm not trying to piss in my own bed, but you have to stay realistic.
The potential of Ethereum is HUGE (now, that is). They attracted the attention of large companies and large capital for a start.
Their IPO was very large (the largest ever in crypto?).

"Organization-backed crypto is fiat money done in a convoluted inconvenient way. Why bother? Just use the old system, it's more convenient and faster.

ALL crypto is the same, since the real world uses fiat.
You need fiat to BUY crypto. If you want to do anything useful with it, you need to convert it back to....fiat.
So how is NXT or any other crypto different?

Decentralization is nice from a technical point of view. From a management point of view it's absolute horror.

20
Nxt General Discussion / Re: Price speculation
« on: February 10, 2016, 07:53:00 am »
Ethereum is like a money magnet. It just keeps on attracting more and more.
The interfacing is still command line and frontier is not exactly 100% stable. Yet so much money keeps on flowing into eth coffers.

From my guess, this is just pure speculation / exchange money. I doubt this parabolic rise is due to real demand for the tokens.
I could be wrong though, maybe large corporates are mass buying eth.
Looking back at the start of NXT the same thing happend.
It kept skyrocketing for a while. That lasted almost 1,5 months.
Then a major drop and things started picking up again from all the good news and visiting all the expos.

If the same thing happens to Ethereum, we are still in for a ride  ;)

Pages: [1] 2 3 ... 30
elective-stereophonic
elective-stereophonic
assembly
assembly